The Accounts Chamber found additional budget revenues from privatization

The Accounts Chamber found additional budget revenues from privatization

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The Ministry of Finance did not include in the projected volume of revenues to finance the budget deficit the cost of two state-owned companies subject to privatization by government decision, as follows from the appendices to the conclusion of the Accounts Chamber (CA) on the treasury project for 2024–2026. We are talking about the Altai plant for the production of sodium sulfate JSC Kuchuksulfat and the largest Russian supplier of ethyl alcohol JSC Rosspirtprom.

The volume of projected revenues from privatization in the next three years is significantly lower than the performance of this indicator over the past 15 years, the joint venture indicates in its conclusion. To finance the federal budget deficit in 2025–2026. The Ministry of Finance expects to receive 1.23 billion rubles from privatization. annually. No revenues are expected from the privatization of large companies. At the same time, the joint venture, based on an audit, revealed that the forecast did not include the cost of two companies that should be privatized this year, and the price of another asset was indicated at a discount.

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